SOURCE: Canadian Overseas Petroleum Ltd

August 22, 2014 10:49 ET

Canadian Overseas Petroleum Limited: Voting Rights and Capital Increase

CALGARY, AB--(Marketwired - Aug 22, 2014) - In accordance with the DTR 5.6.1A, Canadian Overseas Petroleum Limited ("COPL" or the "Company") (LSE: COPL) (TSX VENTURE: XOP), the offshore West Africa focussed oil and gas exploration and development company, would like to notify the market of the following:

With effect from August 21, 2014, the Company's issued share capital consists of 402,050,497 Common Shares of no par value each with voting rights. The increase comprises 50,555,000 Common Shares issued on August 21, 2014 pursuant to the marketed short form prospectus offering of Common Shares announced on July 29, 2014. The Company does not hold any treasury shares. Therefore, the total number of voting rights in the Company is 402,050,497.

The above figure 402,050,497 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Disclosure Rules and Transparency Rules.

About the Company

COPL is an international oil and gas exploration and development company focused in the offshore West Africa. The Company holds a 17% working interest in Block LB-13, offshore Liberia, with ExxonMobil the operator holding an 83% working interest. COPL is actively evaluating opportunities in Nigeria as part of its strategy to generate stable cash flow from secure offshore assets.

For Further Information Please Contact:

COPL
Mr. Arthur Millholland, President and CEO
Phone: +1 403 262 5441

Bell Pottinger
Mark Antelme or Henry Lerwill
North America Toll Free: +1 866 834 8330
Phone: +44 (0) 207 861 3160
Joint Brokers

GMP Securities Europe
Phone: +44 (0)20 7647 2800

finnCap
Phone: +44 (0)20 7220 0500

Contact Information